Aptos’ TVL up $300 mln in 7 days: What it means for APT

• Aptos TVL showing strength as its second anniversary nears.
• The netflow of Aptos from CEX gives bullish sentiments.

Aptos [APT] continued to gain momentum since its launch in October 2022, positioning itself as a leading Layer 1 blockchain.

As it approaches its second anniversary, Aptos is attracting more attention from traders and investors.

The blockchain’s success is largely attributed to its unique use of Move technology, which has set it apart from other networks.

Trading around $9 at press time, according to CoinMarketCap, many traders speculate that Aptos could reach $20, fueled by recent on-chain growth.

A significant indicator of this growth is the total value locked (TVL), which reached $300 million in September.

In the first week of October alone, it has already matched this value, signaling strong potential for further price increases in the last quarter of the year.

Source: DefiLlama

Liquid staking projects, such as Amnis Finance and TruStake, have contributed to this rise, with liquid staking TVL growing by 28% in September.

APT flow from CEX and staking

A deeper look into Aptos’ flow from centralized exchanges (CEXs) reveals that, despite a surge in outflows, the netflow that is outflow less inflows, remained at -1.53 million APT on Binance, the biggest CEX.

This shows that more traders are starting to hold their tokens, indicating a bullish sentiment. By reducing the movement of their APT to exchanges, traders signal a reluctance to sell, anticipating that the price will go higher.

Source: Flipside

Weekly staking data also shows strong support for Aptos. Smart traders have consistently staked APT, with the total staked value averaging over $800 million since the beginning of the year.

Although there was a slight decrease in the percentage of staked APT this week, the daily transaction volume has remained solid, averaging 1.5 million in September.

The highest recorded number of daily transactions reached 2.7 million, reflecting Aptos’ growing activity and potential for further growth.

The number of active users

In terms of user adoption, the number of active users on Aptos continues to rise. Currently, the network boasts over 2 million active users, a 33% increase from the beginning of the year.

Read Aptos’ [APT] Price Prediction 2024–2025

New users have increased by 101% since January, with 1.299 million new users joining the Aptos ecosystem this year alone.

Source: Flipside

With all metrics pointing to significant growth, Aptos looks set for a strong finish to the year, potentially reaching higher price levels as more traders and investors take notice of its robust performance.